Insurers have been saying the age-rating provision in the health care reform law will raise premiums for young adults, but a new report suggests that assumption is overblown.
The health insurance pricing report, out this week from HealthPocket, a website that compares and ranks health plans, found that premiums are already largely in line with the Patient Protection and Affordable Care Act's age-based restrictions on pricing.
Under the health reform law, insurers are limited to the amount they can charge older people for their insurance to a maximum of three times the amount younger people pay.
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